91
91
Aug 3, 2013
08/13
by
CNBC
tv
eye 91
favorite 0
quote 0
i joined teach for america. that's the reason i'm here. >>> there are two types of stocks i recommend selling into a big rally but the two categories are incredibly arcane and complex, requiring years if not decades of training in wall street and academia to fully comprehend. you know what, though? you guys are a smart audience, smartest in television. i'd like you to take a stab at it. in a short-term rally you want to sell both good stocks that have greet runs and bad stocks you that either wanted to sell on strength already or that belonged to a curious and honestly embarrassing club that i'm going to tell you about in a moment, you've got to stay tuned. people always seem to want to throw rotten fruit at me or burn me in effigy when i take a stock i've recommended and changed my mind. tell me i think it should be sold. i tend to change my mind because my thesis was wrong and the stock turned out to be so bad it deserved to be thrown in the cell block. rule number 10 from "getting back to even" don't dig in y
i joined teach for america. that's the reason i'm here. >>> there are two types of stocks i recommend selling into a big rally but the two categories are incredibly arcane and complex, requiring years if not decades of training in wall street and academia to fully comprehend. you know what, though? you guys are a smart audience, smartest in television. i'd like you to take a stab at it. in a short-term rally you want to sell both good stocks that have greet runs and bad stocks you that...
166
166
Aug 9, 2013
08/13
by
CNBC
tv
eye 166
favorite 0
quote 0
this after america movil said it plans to make a buyout offer for the dutch carrier. the mexican telecom giant owned by carlos slim has a stake of 30% of kpn and hopes to increase its holding with a bid of 2.4 euros a share. as far as other markets are concerned, ftse 100 outperforming today. basic resources, mining stocks doing okay. that's on the back of chinese industrial output up by 9.7% in july. above expectations. retail sales increasing by 13.2%. consumer unflation steady. xetra dax flat, ibex down around .2. bond markets, treasury yields, 2.59%, dominated by fed taper talk at the moment. gilt yields 2.5%, still higher than where we were before the quarterly inflation report. mr. carney coming out with forward guidance. on the currency markets, dollar down to a seven-week low. china data not helping. fragile, the dollar offers five straight losing sessions. dollar yen 96.73. aussie dollar rebounding from its three-yar lows as well, gaining on that china output and the news from mr. weathers. mostly just below 133. that's where we stand right now here in the eu
this after america movil said it plans to make a buyout offer for the dutch carrier. the mexican telecom giant owned by carlos slim has a stake of 30% of kpn and hopes to increase its holding with a bid of 2.4 euros a share. as far as other markets are concerned, ftse 100 outperforming today. basic resources, mining stocks doing okay. that's on the back of chinese industrial output up by 9.7% in july. above expectations. retail sales increasing by 13.2%. consumer unflation steady. xetra dax...
243
243
Aug 13, 2013
08/13
by
CNBC
tv
eye 243
favorite 0
quote 0
some of the largest in latin america. royal dutch shell up by 1% and bp trending higher to the tune of .5%. >>> the former algerian oil minister has denied any wrongdoing after the country issued an international arrest warrant against him. he faces a probe which focuses on contract awarded by algeria's state oil company to a site. the warrant is part of the wider corruption investigation into suntrack where he was company president between march it 2 001 and 2003. >>> libya's deputy oil minister says workers striking at key crude oil terminals have agreed to end two weeks of action. exports are expected to resume as early as this thursday, however, strikes continue at other key ports. brent is steady after coming under pressure in yesterday's session. brent is currently up by .8%. >>> still couto come, we'll spe to david bermingham who was extradited to the u.s. on charge of wire fraud. with potential arrests making headlines, we'll ask him to weigh in on the debate over extradition. that's at 11:10 cet. german stocks le
some of the largest in latin america. royal dutch shell up by 1% and bp trending higher to the tune of .5%. >>> the former algerian oil minister has denied any wrongdoing after the country issued an international arrest warrant against him. he faces a probe which focuses on contract awarded by algeria's state oil company to a site. the warrant is part of the wider corruption investigation into suntrack where he was company president between march it 2 001 and 2003. >>> libya's...
125
125
Aug 23, 2013
08/13
by
CNBC
tv
eye 125
favorite 0
quote 0
call hoveround now, to see if you qualify for america's premier power chair. hi, i'm tom kruse, inventor and founder of hoveround. now you can do more, see more, enjoy life more. here's why hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. and most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. and now every hoveround comes with this tote bag and cup holder for handy access to your favorite items. you don't really have to give up living because you don't have your legs. call now for your free consultation. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. call or log onto hoveround.com right now! >>> welcome back to the show. these are your headlines this friday morning. a technical glitch knocks out trading on th
call hoveround now, to see if you qualify for america's premier power chair. hi, i'm tom kruse, inventor and founder of hoveround. now you can do more, see more, enjoy life more. here's why hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. and most importantly, 9 out of 10...
150
150
Aug 15, 2013
08/13
by
CNBC
tv
eye 150
favorite 0
quote 0
in the americas, things are going pretty well as they are in northern europe. in southern europe, not as well. in japan, where cisco was doing very well last year, now they have some tough comparisons. also in the rest of asia, it is just a mixed bag. china is an area where cisco continues to have trouble. ceo john chambers said on the conference call cisco is committed to delivering on the financial targets they set, like gross margins being above 60%, like earnings growing faster than revenue in most quarters, well managed businesses do that, he said. and therefore that necessitates the making of the cuts so they are able to roll with the punches and the changes in this environment. he also said that cisco is taking too long to make decisions. he's going to cut out some layers that are slowing cisco down. but the stock tumbled at one point more than 10% after hours. if that is indeed where the stock opens later today, it will be back to the levels where it was back in may. guys, back to you. >> here is a quick look at cisco shares in germany, off by some 8.1%
in the americas, things are going pretty well as they are in northern europe. in southern europe, not as well. in japan, where cisco was doing very well last year, now they have some tough comparisons. also in the rest of asia, it is just a mixed bag. china is an area where cisco continues to have trouble. ceo john chambers said on the conference call cisco is committed to delivering on the financial targets they set, like gross margins being above 60%, like earnings growing faster than revenue...
100
100
Aug 28, 2013
08/13
by
CNBC
tv
eye 100
favorite 0
quote 0
different thing for brazil, james, and latin america. brazil expected to hike interest rates later today. they -- last year complained about the strength of the real and now weakness of it. so what are they going to do? >> i think you'll see a 50 basis point increase today when you look at the inflation figures alone, inflation is way above target, 6.15%. and you take into account the currency that happened as well, you look at the real against the dollar, you could see 75 basis points. central bank isn't wholly independent. i think it is going to be looking to continue increasing interest rates through the rest of the year, potentially to 10% by year end. you had a plan introduced last week in response to this federal reserve minutes. central bank introduced $60 billion worth of liquidity in an attempt to stem the decline of the real. you won't see structural reforms. you'll see the tide of qe go out and problems that they have is becoming more evident. >> so where is this going to leave the economy. why aren't we getting structural --
different thing for brazil, james, and latin america. brazil expected to hike interest rates later today. they -- last year complained about the strength of the real and now weakness of it. so what are they going to do? >> i think you'll see a 50 basis point increase today when you look at the inflation figures alone, inflation is way above target, 6.15%. and you take into account the currency that happened as well, you look at the real against the dollar, you could see 75 basis points....
115
115
Aug 30, 2013
08/13
by
CNBC
tv
eye 115
favorite 0
quote 0
if you're in america, have a great labor day weekend. and more importantly, hope you also have a profitable day and a profitable week. good-bye for now. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> good morning. today's top stories, the u.s. considers going it alone in syria after the british parliament votes down a strike. >>> on this morning's economic agenda, a key read on the consumer, and what she's doing. >>> plus, the last trading day of august and the bulls are eager to close the books on the worst month for the dow and s&p in more than a year. it is i think it is a three-day weekend. and "squawk box" begins right now. >>> good morning. welcome to "squawk box" on cnbc. i'm andrew ross sorkin with joe kernen. we have a lot t
if you're in america, have a great labor day weekend. and more importantly, hope you also have a profitable day and a profitable week. good-bye for now. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far...
193
193
Aug 19, 2013
08/13
by
CNBC
tv
eye 193
favorite 0
quote 0
so that is why angela america cell quite caution right now. take a listen to what she said over the weekend. >> translator: i'm not afraid of anything. i am campaigning. i am indeed sure of the fact that the elections will be a very, very close call. it would be extraordinarily careless to think i'll be re-elected chancellor in any case and don't need to do anything about it anymore. >> both parties are quite similar when it comes to their programs. the only little change, thing which differentiates them is taxes. the social democrats want to hike taxes for high income earners and the christian democrats want to keep them flat. so that's the only big difference between them. >> is greece a big concern on voters minds as we head into the elections in a couple weeks time and how do their policies differentiate on greece? >> well, perhaps i start off with a point how they differentiate. not a lot. both party members are both party bosses, peer steinbruck and angela merkel say there won't be any further haircut for greece even after the elections.
so that is why angela america cell quite caution right now. take a listen to what she said over the weekend. >> translator: i'm not afraid of anything. i am campaigning. i am indeed sure of the fact that the elections will be a very, very close call. it would be extraordinarily careless to think i'll be re-elected chancellor in any case and don't need to do anything about it anymore. >> both parties are quite similar when it comes to their programs. the only little change, thing...
123
123
Aug 17, 2013
08/13
by
CNBC
tv
eye 123
favorite 0
quote 0
i joined teach for america. that's the reason i'm here. >> when to buy? when to sell? it's all about time. that's right, you could have the best stock picks in the world, it wouldn't mean a thing for your portfolio if you didn't have a sense of timing. i am a believer that non-professionals can manage the money just as well as the pros, sometimes better. that's why i come out to teach. you may have heard from the naysayers, intelligencia, it's possible to beat the market and outperform the benchmarks, that's like the s&p 500, as long as you know what you are doing and think like a disciplined investor rather than a gambler. if you are devoted and inclined to learn about stocks, my experience is that you will most likely beat many money managers and you will be able to take taxable gains and losses when they suit you, not the manager, a very important issue concerning the importance of taxes and long-term performance. right? a huge part of knowing what you are doing is having decent timing or knowing enough to make, not to make boneheaded mistakes about when to buy and
i joined teach for america. that's the reason i'm here. >> when to buy? when to sell? it's all about time. that's right, you could have the best stock picks in the world, it wouldn't mean a thing for your portfolio if you didn't have a sense of timing. i am a believer that non-professionals can manage the money just as well as the pros, sometimes better. that's why i come out to teach. you may have heard from the naysayers, intelligencia, it's possible to beat the market and outperform...
88
88
Aug 1, 2013
08/13
by
CNBC
tv
eye 88
favorite 0
quote 0
viewers in america, have a good day. we'll hand you over to "squawk box" with the countdown to the opening of the markets state side. that's it for now. [ male annou. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. itime. >>> good morning. it is all about the economy in the u.s. weekly jobless claims top today's agenda and you know what's coming tomorrow. and then in europe, key interest rate decisions from the boe and ecb. and in a surprise today, china's official data showing the country's manufacturing sector expanded last month. it's thursday -- is it august? it is. thursday, august 1st, 2013. "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick with joe kernen and andrew ross sorkin who is happy to be back. >> i don't know if i'm happy to be back
viewers in america, have a good day. we'll hand you over to "squawk box" with the countdown to the opening of the markets state side. that's it for now. [ male annou. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. itime. >>> good morning. it is all about the economy in...
151
151
Aug 26, 2013
08/13
by
CNBC
tv
eye 151
favorite 0
quote 1
and the natural leader is still the united states of america. and we are in a situation that is not that different from that viewpoint from the 1999 in the balkans where an intervention took place in kosovo without a legal authorization from the united nations, but an intervention that was deemed as legitimate because here again, a government was killing its citizens. >> how, though, do you intervene when you're not quite sure who you're supporting? when i look at this from the outside, it's hard to know currently who the so-called rebels are on the ground. obviously we know who the government is, but it's a very delicate balance to play when in all cases you are potentially bound to get it wrong. >> yes. i think you are absolutely right. the risks of intervention with enormous. you don't know whom you are supporting. you don't know what's going to be the reaction of syria, of russia, of iran or even for that matter of china. but you have to compare the risk of intervention with the risk of indifference and inaction. and these risks, in my mind,
and the natural leader is still the united states of america. and we are in a situation that is not that different from that viewpoint from the 1999 in the balkans where an intervention took place in kosovo without a legal authorization from the united nations, but an intervention that was deemed as legitimate because here again, a government was killing its citizens. >> how, though, do you intervene when you're not quite sure who you're supporting? when i look at this from the outside,...
123
123
Aug 2, 2013
08/13
by
CNBC
tv
eye 123
favorite 0
quote 0
and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out where a hoveround can take you! >>> watching "worldwide exchange." i'm ross westgate. a recap of the headlines, the u.s. is expected to report a fourth straight month of solid job gains in july. another encouraging sign, still sluggish economy. >>> the world's biggest automaker raises its outlook after posting record earning s due to strong u.s. sales and a weaker yen. >>> the bank is swinging to 1.4 billion pounds pretax profit in the first half. >>> silvio berlusconi media set trades lower as his tax fraud conviction is upheld. the cfo told cnbc that the former prime minister has no influence on the company. >> we are a normal company. we are a listed company with normal shareholders. the relationship between the company and mr. berle scone is a nrmal relationship between the company and a shareholder. >>> all right. just joining us state side, warm welcome to you. welcome to jobs friday. dow
and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out where a hoveround can take you! >>> watching "worldwide exchange." i'm ross westgate. a recap of the headlines, the u.s. is expected to report a fourth straight month of solid job gains in july. another encouraging sign, still sluggish economy. >>> the world's biggest...
133
133
Aug 7, 2013
08/13
by
CNBC
tv
eye 133
favorite 0
quote 0
diageo talked about that and was key to emphasize america. is there a sense that some of those stocks that had -- we were buying because they had emerging market growth have suffered slightly? >> chinese economy has gone through a massive change at the moment and will continue to go through a massive change. they have got to make this transition from a very construction, infrastructure led economy to more consumer based economy. and that will not be frictionless. that will be bumps along the way. i'm not saying they can't do it, but will not be frictionless. the chinese have to get much more engaged with the economy. and they'll have to stimulate growth in other areas other than just moving roads, trains, bridges, et cetera. they have to really -- >> also the core inflation report today out of the bank of england. waiting to see if we get forward guidance. they'll try to anchor the short end of the bond market. what is your view of gilts at the moment and what is happening with bond funds? >> short-term, long-term, today the inflationary repo
diageo talked about that and was key to emphasize america. is there a sense that some of those stocks that had -- we were buying because they had emerging market growth have suffered slightly? >> chinese economy has gone through a massive change at the moment and will continue to go through a massive change. they have got to make this transition from a very construction, infrastructure led economy to more consumer based economy. and that will not be frictionless. that will be bumps along...
182
182
Aug 12, 2013
08/13
by
CNBC
tv
eye 182
favorite 0
quote 0
africa, asia and latin america for cocaine. around 35 million people used amphetamines in 2011, up slightly as well. but the drug of choice very much for europeans is cannabis, around 23 million people using in 2011 alone. and then there's new psychoactive substances otherwise known as sometimes as legal highs. and these are being churned out on an almost monthly basis. they're around 166 of those back in 2005 according to the u.n. that's back up now to around 251. it's probably increased since then. the internet really helping to push that trade forward. and it's a hydra-headed problem. every time they regulate against one of these legal highs, then another one is created. ross caught up and spoke to a senior fellow with the center for 21st century intelligence with the brookings institution and talked about how the trade has changed. >> the drug trade is becoming more global. new countries have emerged. for example, brazil and argentina arguably now have per capita drug consumption on par with the united states. russia has be
africa, asia and latin america for cocaine. around 35 million people used amphetamines in 2011, up slightly as well. but the drug of choice very much for europeans is cannabis, around 23 million people using in 2011 alone. and then there's new psychoactive substances otherwise known as sometimes as legal highs. and these are being churned out on an almost monthly basis. they're around 166 of those back in 2005 according to the u.n. that's back up now to around 251. it's probably increased since...
99
99
Aug 21, 2013
08/13
by
CNBC
tv
eye 99
favorite 0
quote 0
bubble will burst and we'll see a systematic financial crisis like the subprime crisis that occurred in america in 2008. >> reporter: with china now in one of the biggest credit booms in modern history. eunice yoon, cnbc, beijing. >>> we may be seeing the effects of a slower economy on chinese lenders as they begin to report earnings. we're still expecting results from bank of communications today ahead of china construction bank on friday. analysts are expecting much slower growth from the low single digits on the year as china's merchant bank reported lower profits last week. a rise in bad loans and interest rate forum could put a dent in the bank's profitability. mike warner is senior equity analyst at sanford bernstein. he joins us now from hong kong. mike, thank you so much for taking the time to speak to us this morning. how do you think will chinese bank earnings season shape up? >> i think the results are going to be slightly higher than expected. but we are seeing a slowdown. the profit growth in the mid to high teens simply will not be there anymore for the banks. that's coming down t
bubble will burst and we'll see a systematic financial crisis like the subprime crisis that occurred in america in 2008. >> reporter: with china now in one of the biggest credit booms in modern history. eunice yoon, cnbc, beijing. >>> we may be seeing the effects of a slower economy on chinese lenders as they begin to report earnings. we're still expecting results from bank of communications today ahead of china construction bank on friday. analysts are expecting much slower...
149
149
Aug 5, 2013
08/13
by
CNBC
tv
eye 149
favorite 0
quote 0
. >> the problem as you say genuine recovery is only at the moment confined to north america and africa. not much of the globe, is it? >> it's not a recovery for everyone. but the surge in dynamism is actually why it spread. part of it we suspect has to do with where monetary policy is going around the world. so in the last quarter we basically saw easing policy in a large number of markets. that reflected in our own survey where you see that access to growth capital has become better according to what our members and the ima members are saying. pretty much around all of our major markets. >> yeah. so it's -- okay. so it's -- it's because of monetary policy. what happens if there is a -- it's perceived that that policy isn't going to stick around that long? >> what happens if essentially we have an equivalent of the taper debate elsewhere in the world? >> yeah. >> that's true. we're hoping to see, you know, one or two more quarters of sustained recovery in confidence and investment. but in fairness, the kind of recovery in investment we've seen so far and employment is not something we'
. >> the problem as you say genuine recovery is only at the moment confined to north america and africa. not much of the globe, is it? >> it's not a recovery for everyone. but the surge in dynamism is actually why it spread. part of it we suspect has to do with where monetary policy is going around the world. so in the last quarter we basically saw easing policy in a large number of markets. that reflected in our own survey where you see that access to growth capital has become...
147
147
Aug 8, 2013
08/13
by
CNBC
tv
eye 147
favorite 0
quote 0
latin america is interesting, brazil. most of what we look at is in africa. i think the cameroon is really going to take off. iron ore in the cameroon will be very big and we have been looking at west africa minerals and sun dance resources, an australian stock there. we think sun dance will organize the new rail network quite quickly. >> what is the most overrated luxury food, john? >> that's a question, as i mining analyst, we had to taste a lot of local foods. sheeps brains in kazakhstan, not a favorite. but the one that really surprised me, you pay 150 pounds for a bowl of abalone soup in mayfair. you get these things thrown at you on the coast of chile. it is not my favorite. >> not. i just tried sheeps brains, yeah, about four days ago. interesting. very interesting. john, thank you very much. john meyer, analyst from sp angel. a look at what is on the agenda in asia tomorrow. the china inflation industrial output and retail sales data is released. key earnings in the region including the japanese tiremaker bridgestone. taiwan electronics firm and south
latin america is interesting, brazil. most of what we look at is in africa. i think the cameroon is really going to take off. iron ore in the cameroon will be very big and we have been looking at west africa minerals and sun dance resources, an australian stock there. we think sun dance will organize the new rail network quite quickly. >> what is the most overrated luxury food, john? >> that's a question, as i mining analyst, we had to taste a lot of local foods. sheeps brains in...
149
149
Aug 14, 2013
08/13
by
CNBC
tv
eye 149
favorite 0
quote 0
. >> interesting survey out by the bank of america merrill lynch. global investors the most bullish on eurozone stocks. most bullish since 2002. from evaluation perspective, yes, i get that. looking very attractive both in terms of uk stocks and eurozone stocks. are the fundamentals -- are they actually justifying this positioning on part of investors? >> i would slightly change your intro to say on normalized evaluation perspective, this is less of a compelling case. i think the difference for you -- >> why is that? >> other regions always trade at slightly different levels. the difference is in the u.s., you're trading on peek margins and high earnings. in europe, you're trading on return on equity levels around 450 basis points lower. they're trading on profitability levels. q-2 earnings season wasn't particularly great and on sales, it gives you the hope in demands. i would definitely be structured positive on european equities. the risk reward balance is slightly different. we have seen a big pickup in the macro indicators in europe, but still
. >> interesting survey out by the bank of america merrill lynch. global investors the most bullish on eurozone stocks. most bullish since 2002. from evaluation perspective, yes, i get that. looking very attractive both in terms of uk stocks and eurozone stocks. are the fundamentals -- are they actually justifying this positioning on part of investors? >> i would slightly change your intro to say on normalized evaluation perspective, this is less of a compelling case. i think the...
104
104
Aug 27, 2013
08/13
by
CNBC
tv
eye 104
favorite 0
quote 0
the firm is also expanding in south america, aiming to open its first cafe in colombia next year. the company will only sell colombia coffee amid protests by local growers for more government aid to combat low prices and cheap imports. starbucks shares off just under 8% in frankfurt. >>> still to come, bill ackman is cashing out of jcpenneys, losing investment in the struggling retailer. we'll look back at ackman's history with the department store chain, next. >>> and a recap of the headlines today. the uk says it's reasonable to assume its military is preparing for action in syria. the outlook for germany's economic rises as optimism hits its highest level in more than a year. and u.s. treasury secretary jack lew warns the country could reach its debt limit by mid-october. >>> all right, meanwhile, spokesperson for british prime minister david cameron says the world must act on syria. this as the british government looks at its own response. they say the attack in syria, the chemical weapons attack in syria were absolutely abhorrent and britain is considering a proportionate res
the firm is also expanding in south america, aiming to open its first cafe in colombia next year. the company will only sell colombia coffee amid protests by local growers for more government aid to combat low prices and cheap imports. starbucks shares off just under 8% in frankfurt. >>> still to come, bill ackman is cashing out of jcpenneys, losing investment in the struggling retailer. we'll look back at ackman's history with the department store chain, next. >>> and a recap...